Real Estate Professional (750 hr) Log Samples

[Tait Duryea]

Hi all,

I’m an airline pilot who owns a number of rentals and intend to begin using the Real Estate Professional tax loophole this year in order to take real estate losses against my ordinary income.

I’m in a unique position as a pilot. We get paid by the flight hour so each month we only spend between 75 and 90 hours at “work”. This makes the real estate professional status achievable.

My question is- would anyone who is a current user of the rule be willing to show me a sample of their logging system? I’ve heard of using excel, google calendar, or even a notebook. I’m just trying to find the best practice and get a sense of what it all looks like.

Thank you in advance to anyone who can help!